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New retirement proposal bad for grads?

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At first glance it looks like the agreed upon but not yet in effect proposal may be less lucrative for current cadets and midshipmen if they choose to make the military a career.

Is it bad for them?

And... since it takes effect on Jan. 1, 2018, would current academy students be under the old plan since they have been receiving military pay and benefits since Induction?

Example: would 2018 grads be eligible to stay under the current plan?

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